(Finance) – After the slowdown of the trade agribusiness of the EU in April, it recovered in May with an increase in both imports what of exports. The greater increase in exports compared to imports has allowed the surplus agribusiness of the EU to increase by 2% MoM in May, reaching i 5.2 billion euros. These are the main results of the last one monthly report on agri-food trade published today by the European Commission.
The exports agribusiness exports increased by 8% month-on-month in May 2023, reaching €19.4 billion, the same amount as in May 2022. Exports from January to May 2023 totaled €95.7 billion , an increase of 8% compared to the corresponding period. in 2022.
The main three destinations of EU agri-food exports between January and May were Kingdom United, States United And China. The top three countries of origin for EU agri-food imports between January and May were Brazil, the United Kingdom and Ukraine.
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